Himatsingka Seide Approves Rs 100 Crore NCD Issue
Himatsingka Seide Ltd has approved the issuance of Rs 100 crore worth of non-convertible debentures (NCDs) through a private placement, following a meeting of its Board of Directors held on December 12, 2025 .
The company will issue 1,000 Series “B” INR-denominated, unrated, unlisted and transferable NCDs, each with a face value of Rs 10 lakh, aggregating to Rs 100 crore. The debentures will be issued at par to eligible investors.
The Series “B” NCDs will carry an interest rate of 11 per cent per annum, payable quarterly, and will have a tenure of up to 39 months. The repayment structure includes a moratorium of 12 months, followed by 10 quarterly instalments along with any applicable redemption premium.
The debentures will be secured by a first pari passu charge on the company’s movable and immovable fixed assets at its Hassan and Doddaballapur manufacturing plants, providing asset cover as stipulated.
Additional security includes a negative lien on land parcels at the Hassan facility, an exclusive charge over the subscription escrow account, and execution of demand promissory notes.
